GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) Short Interest Up 53.9% in November

GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) saw a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 98,200 shares, an increase of 53.9% from the October 31st total of 63,800 shares. Based on an average trading volume of 244,800 shares, the short-interest ratio is currently 0.4 days.

GraniteShares 2x Long BABA Daily ETF Stock Performance

Shares of GraniteShares 2x Long BABA Daily ETF stock traded up $0.30 on Friday, reaching $17.38. 182,741 shares of the stock were exchanged, compared to its average volume of 164,692. The firm’s 50 day moving average is $22.77 and its 200-day moving average is $18.11. GraniteShares 2x Long BABA Daily ETF has a one year low of $11.85 and a one year high of $32.72.

About GraniteShares 2x Long BABA Daily ETF

The GraniteShares 1.75x Long BABA Daily ETF (BABX) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund provides 1.75x leveraged exposure, less fees and expenses, to the daily price movement for shares of Alibaba Group Holding Limited stock. BABX was launched on Dec 13, 2022 and is managed by GraniteShares.